Gu Jingci: Bitcoin/Ethereum Bulls and Bears Continue to Win (with Evening Market Analysis) - May 19th

The short positions in Bitcoin/Ethereum, previously recommended around 82000 and 2400, performed as expected last night, with a pullback and subsequent rise followed by a fall during the daytime session. Currently, the price action lacks sustained momentum after the initial dip and remains in a narrow range. Support levels are solid, indicating a consolidation phase with resistance above and support below. This is characteristic of rapid rises or falls; while the trading range is small, it allows for profit-taking through buying low and selling high. The overall volatility is expected to gradually increase until the next trending market. Tonight, we're closing out short positions and preparing to enter long positions. For Bitcoin, consider entering long positions around 76000-76500, with a target of 77500-78500; for Ethereum, consider entering long positions around 2090-2110, with a target of 2160-2190, and further targets at 75500 and 2050.